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140 State Street

New London, CT 06320
  • $875,000
  • STATUS: Active Under Contract
  • ON SITE: 150 Days
  • MLS #: 170487229
Under Contract
UPDATED: 56 min ago
$875,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,325
    SQFT
  • $94
    $/SQFT
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

8 unit income producing property in the heart of downtown New London. 9,325 SF with 2 commercial units (1 leased to a recording studio, 1 available formerly a bar), 5 apartments (one 3 bedroom recently renovated, vacant & ready to lease; other 4 leased). Coin washer/dryer on site. Well maintained building with many upgrades including hardwood floors, new roof 2018, apartments with granite counter tops & stainless steel appliance. Room to increase NOI by separately metering units - currently separately metered by floor. 6 CAP. Located in the City's Enterprise Zone & Federal Opportunity Zone.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-09-30T10:10:32.987.
www.foreverhomesrealestate.net/homes/128277246
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140 State Street New London, CT 06320

  • Price: $875,000
  • Status: Active Under Contract
  • On Site: 150 Days
  • Updated: 56 min ago
  • MLS #: 170487229
0
Beds
0
Baths
0
½ Baths
0.05
Acres
9,325
SQFT
$94
$/SQFT
1900
Built
County:
New London
Area:
New London
Property Description
8 unit income producing property in the heart of downtown New London. 9,325 SF with 2 commercial units (1 leased to a recording studio, 1 available formerly a bar), 5 apartments (one 3 bedroom recently renovated, vacant & ready to lease; other 4 leased). Coin washer/dryer on site. Well maintained building with many upgrades including hardwood floors, new roof 2018, apartments with granite counter tops & stainless steel appliance. Room to increase NOI by separately metering units - currently separately metered by floor. 6 CAP. Located in the City's Enterprise Zone & Federal Opportunity Zone.
Exterior Features

Construction Description Brick Foundation Type Concrete Lot Description Level Lot Parking Total Spaces 0 Road Frontage Description Municipal Street Roof Information Tar/Gravel

Interior Features

Cooling System Central Air Heat Type Hot Air

Property Features

Bank Owned Property Yn No Commercial Category InvestmentOfficeRetail Documents Available Brochure Garage Parking Info On Street Parking Heat Fuel Type Oil Location Downtown Possession Availability Immediate Potential Short Sale Yn No Property Tax 12134 Sewage System Public Sewer Connected Sign Yn Yes Utilities Available Electric AvailablePhone Available Water Source Public Water Connected Zoning C-1

Listing information © 2022 Smart MLS
Listing provided courtesy of Constance Howard of Us Properties: (860) 437-0101.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-09-30T10:10:32.987.
 
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